Warren L. Coats Jr. (born May 19, 1942), is an economist specializing in monetary policy. He retired from the International Monetary Fund in May 2003 to join the board of directors of the Cayman Islands Monetary Authority. He is president of Economic Consulting, providing technical assistance to central banks, and until recently was adviser to the central banks of Afghanistan (for the IMF) and Kazakhstan (for the government of Kazakhstan).
Early life Coats was born and raised in Bakersfield, California, where he graduated from Bakersfield High School in 1960 in absentia while spending his senior year abroad with the International Christian Youth Exchange in the German village of Rasdorf. While in Germany he lived with the family of Albert Martin for a year and attended the Gymnasium in Hünfeld near Fulda. From 1960 to 1962, Coats attended Bakersfield College, where he co-founded and edited the Weekly Blatt, an underground weekly campus newspaper dedicated to presenting conservative and libertarian political perspectives on current events. During 1962–66 Coats attended the University of California at Berkeley and received a B.A. in economics in June 1966. At Berkeley, he served as president of several organizations, including the University Young Republicans (UYR), the University Conservatives, and his fraternity, Alpha Tau Omega. As president of the UYR, he was a member of the Free Speech Movement coordinating committee and allied with the presidents of the University Young Democrats, University Conservatives, and the Young People's Socialist League in an effort to restore free speech to the campus without violence. In 1966–70 Coats studied economics at the University of Chicago. His doctoral dissertation was on The September 1968 Changes in 'Regulation D' and Their Implications for Monetary Supply Control, with Milton Friedman heading his dissertation committee. His Ph.D. was granted in 1972. While studying at Chicago, Coats taught part-time at the Illinois Institute of Technology (1966–1967 and 1968–1970). In 1968 he took a leave of absence to join Louise Wilkinson at the University of Hawaii in Honolulu, where both were assistant professors. They married in Hawaii before returning to Chicago to resume their graduate studies. Coats has two children, seven grandchildren, and three great-grandchildren. His partner for the last 20+ years is Dr Ito Briones, a physician and artist.
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